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Flint Telecom Provides Corporate Update

Jun 06, 2012

“The critical review of operations has been ongoing and focused on making the Company financially self-sufficient, even if that means lower earnings with a smaller organization, to prevent the need for additional capital forthwith, as it was assumed that future funding will be unavailable in the medium term until funding markets improve and would be heavily dilutive to shareholders meanwhile. We as well engaged with the Company’s secured lender, Thermo Credit, LLC, to seek agreement for any operating plan that emerged from this review, which was crucial for it to be viable,” stated Mr. Bernard Fried, the Company’s President and newly appointed CEO.

Total earnings up 5%, net service earnings up 35%Scottsdale, Arizona May … Full Story »QualityStocks News - SilverSun Technologies Reports Financial Results for First Quarter 2012